Economics By Vishal Sir

👇Where is the Headquarter of👇

• 📌BRICS - Shanghai
•📌 ADB - Manila
•📌 ASEAN - Jakarta
• 📌UNDP - New York
• 📌NATO - Brussels
• 📌WTO - Geneva
•📌 CHOGM - Londan
• 📌OPEC - Vienna
• 📌UNICEF - New York
•📌 FAO - Rome
•📌 IMF - Washington
• 📌UNESCO - Paris
•📌 WHO - Geneva
•📌 UNEP - Nairobi

♦️MEMBER COUNTRY'S OF ORGANIZATION'S .

🔹WHO---194 .
🔹IMF//WB---189 .
🔹ADB-----68 .
🔹ICJ----193 .
🔹UN-----193 .
🔹OPEC----14 .
🔹ASEAN----10 .
🔹SCO---8 .
🔹BIMSTEC ------7 .
🔹SAARC-----8 .
🔹UNWTO------158 .
🔹WCO---182 .
🔹WTO----164 .
🔹EU------28 .
🔹OIC-----57 .
🔹FAO-----197.

Types of Pricing Strategy

1. Demand Pricing

Demand pricing is also called demand-based pricing, or customer-based pricing. The pricing method uses consumer demand of a product or service as the main element of setting a price for a product or service. Also known as dynamic pricing.

It is affected by consumer demand. Prices of products or services can increase due to bad weather, festive periods, or in the case of natural disasters.

2. Competitive Pricing

Competitive pricing consists of setting the price at the same level as one's competitors.

This method relies on the idea that competitors have already thoroughly worked on their pricing. In any market, many firms sell the same or very similar products, and according to classical economists, the price for these products
should, in theory, already be at an equilibrium (or at least at a local
equilibrium). Therefore, by setting the same price as its competitors, a newly launched firm can avoid the trial and error costs of the price-setting process .

3. Cost-Plus Pricing

This pricing strategy is a cost-based one for setting prices of products and services.

When setting the cost-plus price, you take the cost of the raw materials and the cost of production and add them to the overhead costs of a product or service.

To this total, you add a markup percentage (this is your profit margin) and this total sum is your cost-plus price.

As long as all the costs and sales have been accurately calculated, you will always run at a profit.

4. Pe*******on Pricing

This pricing strategy uses low prices to enter a new market or to launch a new product or service. This strategy is used to entice customers to patronize a certain product or service. It also serves as a deterrent to the competition.

To prevent them from entering the market with a similar product, because they will have to make their prices lower. Once a customer base has been established, you cạn subtly move your prices higher, to a moderate price for a longer-term strategy.

5. Price Skimming

Also called the skim-the-cream pricing. This pricing strategy is used by businesses with a strong competitive advantage.

They enter the market with high-priced products and services. This is to gain the most revenue. To get an immediate return on production costs before other businesses can come in with similar, cheaper products or services.

Later in the product cycle, the companies will gradually moderate their prices to accommodate customers with more moderate price tastes.

6. Economy Pricing

A very familiar pricing strategy with retailers and wholesalers. Economy pricing is a basic, low-cost marketing method. It keeps the prices of goods low, targeting sales at a particular segment of the market that is very price-sensitive.

7. Psychological Pricing

This is a common pricing technique used by businesses. A minor difference in prices is a huge difference for customers. For example, an item whose price is listed as Rs.399.98 may be seen as much cheaper than a product or service priced at Rs.400.

8. Discount Pricing

A pricing strategy that offers products and services at a reduced price. Discount prices can come in the form of seasonal discounts, loyalty rebates, etc.

9. Geographic Pricing

This pricing strategy is one where different prices are charged in different geographical locations or markets for the exact same product or service. For example, instructional materials sold in Canada will be sold at a cheaper rate in Cameroun due to the disparity in wages, the economy, etc.

10. Price Bundling

Also known as product bundling. This strategy is used when two or more products or services are priced together as a package, with a single price.

These product bundles come in two types:
Pure bundles are products or services that are sold and bought only as a package; and
Mixed bundles, which are products or services that can be bought and sold as a package, or as individual products. Usually, the bundle prices are less when the products or services are bought separately.

THE WORLD BANK

{Meaning,Types & Sector of Economy}

The terms "bear" and "bull are thought to
derive from the way in which each animal attacks its opponents. That is, a bull will thrust its horns up into the air, while a bear will swipe down. These actions
were then related metaphorically to the movement of a market: if the trend was up, it was considered a bull market; if the trend was down, it was a bear market.

(source)

Congrats to our class 11th students for scoring great marks

https://youtu.be/1w2KsX3FFdM
https://youtu.be/U7YF0d4TNBI
*12th Economics Paper 2019 Solution (Part 1)*

By Vishal Sir

At You Tube Channel of
ECONOMICS BY VISHAL CHAUDHARY
And
SANJAY CLASSES

Like, Share, Subscribe..
😎😎

#12th_ECONOMICS_PAPER_2019 SOLUTION OF ECONOMICS BOARD EXAM 2019 By VISHAL CHAUDHARY Here I am presenting to you the expected answer key of economics board exam held today (27/03/2019) . Set- Hope you will like it , share it with your friends...

SOME IMPORTANT TIPS OF ECONOMICS
CLASS XII BOARD EXAM
✌️✌️

😊